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by drabiega 2065 days ago
BLS calls U-3 the "official unemployment rate" I guess, but they publish it in a table with 5 other measures that count different things. I'm not entirely sure it's fair to blame them for the fact that most people just focus on that one measurement.
1 comments

The fault is with the US newsmedia, which very consistently always talks ONLY about the U-3 number, and in my years, has never acknowledged that their are other numbers worth discussing.